Digitalization and cost optimization: strategies for Sri Lankan enterprises

Abstract

In the ever-changing economic environment of Sri Lanka, businesses are increasingly focused on cost optimisation as a critical approach to enhance operational efficiencies, establish a competitive edge, and assure the long-term sustainability of their organisations. This article examines the vital role of digital technologies in driving cost optimisation approaches for Sri Lankan enterprises. The study contributes to the academic discussion by synthesising insights from extant literature and provides a holistic framework for Sri Lankan enterprises to utilise digital technologies for cost optimisation while resolving contextual constraints.